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Jon Depp did not keep proper books of accounts. At 31 August 2021 his balances were: Details of transactions in the year 31 August 2022

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Jon Depp did not keep proper books of accounts. At 31 August 2021 his balances were: Details of transactions in the year 31 August 2022 are as follows: At 31 August 2022 the assets and liabilities were as follows: - depreciation on tools $600 - lorry now valued at $2,500 - trade receivables $15,821 Prepaich-merare expenses $72 - inventory $21,491 - trade payables $6,002 - payables for expenses $236 - cash $845 - bank overdraft $165 Required: Prepare a statement showing the profit or loss made by Jon Depp for the year ended 31 August 2022. Jon Depp did not keep proper books of accounts. At 31 August 2021 his balances were: Details of transactions in the year 31 August 2022 are as follows: At 31 August 2022 the assets and liabilities were as follows: - depreciation on tools $600 - lorry now valued at $2,500 - trade receivables $15,821 Prepaich-merare expenses $72 - inventory $21,491 - trade payables $6,002 - payables for expenses $236 - cash $845 - bank overdraft $165 Required: Prepare a statement showing the profit or loss made by Jon Depp for the year ended 31 August 2022

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